Adirondack Foundation
Adirondack Foundation maintains robust asset growth and zero reported officer compensation.
EIN: 161535724 · Lake Placid, NY · NTEE: T310 · Updated: 2026-03-28
Source Check Matrix
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Adirondack Foundation is mapped to EIN 161535724.
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14 stored filing years available.
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85% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $27.4M |
| Total Expenses | $9.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $74.7M |
| Transparency Score | 90/100 |
Search Intent Cockpit
Adirondack Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Adirondack Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Adirondack Foundation in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $14.3M and expenses of $9.3M.
Revenue and Expenses
Adirondack Foundation reported $14.3M in revenue and $9.3M in expenses, a surplus of $5.0M.
Executive Compensation
Top officer compensation appears as $100 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
90/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Adirondack Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $7.9M (85%) |
Across stored filings, Adirondack Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 14 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Philanthropy context |
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Adirondack Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Adirondack Foundation
Adirondack Foundation (EIN: 161535724) is a nonprofit organization based in Lake Placid, NY, classified under NTEE code T310. The organization reported total revenue of $27.4M and total assets of $117.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Adirondack Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Adirondack Foundation is a large nonprofit that has been operating for 29 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.3M |
| Total Expenses | $9.3M |
| Surplus / Deficit | +$5.0M |
| Total Assets | $101.8M |
| Total Liabilities | $27.0M |
| Net Assets | $74.7M |
| Operating Margin | 35.2% |
| Debt-to-Asset Ratio | 26.6% |
| Months of Reserves | 131.3 months |
Financial Health Grade: A
In 2024, Adirondack Foundation reported a surplus of $5.0M with revenue exceeding expenses, holds 131.3 months of operating reserves (strong position), has a debt-to-asset ratio of 26.6% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Adirondack Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +54.4% | +29.2% | +14.5% |
| 2023 | -48.4% | -4.7% | +9.2% |
| 2022 | +2.2% | +16.2% | -10.3% |
| 2021 | +74.2% | +16.4% | +35.2% |
| 2020 | +63.0% | +45.6% | +4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Adirondack Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Adirondack Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of this size with assets exceeding $100 million and suggests either a volunteer leadership model or that compensation is reported under different categories, warranting further investigation for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Adirondack Foundation's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this scale, which may obscure actual leadership costs if paid by a related entity or through non-officer roles.
Strengths
The following positive indicators were identified for Adirondack Foundation:
- Consistent and significant asset growth, indicating strong financial stewardship and long-term stability.
- Zero reported officer compensation across all filings, suggesting a strong commitment to directing funds to programs and potentially a volunteer-driven leadership model.
- Healthy financial position with revenue generally exceeding expenses, allowing for asset accumulation and program expansion.
- Long and consistent filing history (14 filings), demonstrating transparency and accountability over time.
Frequently Asked Questions about Adirondack Foundation
Is Adirondack Foundation a legitimate charity?
Adirondack Foundation (EIN: 161535724) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $27.4M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Adirondack Foundation spend its money?
Adirondack Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Adirondack Foundation tax-deductible?
Adirondack Foundation is registered as a tax-exempt nonprofit (EIN: 161535724). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Adirondack Foundation CEO make?
Adirondack Foundation's highest-compensated officer earns $100 annually. The organization reported $27.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Adirondack Foundation's spending goes to programs?
Adirondack Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Adirondack Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Adirondack Foundation is above average for NTEE category T310 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Adirondack Foundation located?
Adirondack Foundation is headquartered in Lake Placid, New York and files with the IRS under EIN 161535724. It is classified under NTEE code T310.
How many years of IRS 990 filings does Adirondack Foundation have?
Adirondack Foundation has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $27.4M in total revenue.
How does Adirondack Foundation manage to report 0% officer compensation given its size?
The consistent reporting of 0% officer compensation across all 14 filings is highly unusual for an organization with assets over $100 million. This could indicate that executive roles are filled by volunteers, or that compensation is paid by a related entity, or reported under a different expense category. Further detail would be needed to fully understand this structure.
What is the primary driver of the Adirondack Foundation's revenue fluctuations?
As a community foundation (NTEE T310), revenue often comes from contributions, grants, and investment income. Fluctuations, such as the jump from $9,291,443 in 202306 to $14,349,046 in 202406, could be due to large individual donations, successful fundraising campaigns, or strong investment returns in specific years.
Is the Adirondack Foundation's asset growth sustainable?
The foundation has shown consistent asset growth, from $40,496,011 in 201506 to $101,766,694 in 202406. This trend, coupled with generally positive net revenue (revenue exceeding expenses), suggests a sustainable growth trajectory, likely supported by ongoing contributions and investment management.
Filing History
IRS 990 filing history for Adirondack Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Adirondack Foundation's revenue has grown by 304.4%, moving from $3.5M to $14.3M. Total assets increased by 262.7% over the same period, from $28.1M to $101.8M. Total functional expenses rose by 453.6%, from $1.7M to $9.3M. In its most recent filing year (2024), Adirondack Foundation reported a surplus of $5.0M, with revenue exceeding expenses. The organization holds $27.0M in liabilities against $101.8M in assets (debt-to-asset ratio: 26.6%), resulting in net assets of $74.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $14.3M | $9.3M | $101.8M | $27.0M | — | View 990 |
| 2023 | $9.3M | $7.2M | $88.9M | $24.8M | — | — |
| 2022 | $18.0M | $7.6M | $81.3M | $23.7M | — | View 990 |
| 2021 | $17.6M | $6.5M | $90.7M | $28.9M | — | View 990 |
| 2020 | $10.1M | $5.6M | $67.1M | $23.0M | — | View 990 |
| 2019 | $6.2M | $3.8M | $64.4M | $23.5M | — | View 990 |
| 2018 | $7.7M | $3.3M | $62.5M | $22.8M | — | View 990 |
| 2017 | $5.8M | $2.7M | $54.7M | $21.7M | — | View 990 |
| 2016 | $4.3M | $2.7M | $46.2M | $19.5M | — | View 990 |
| 2015 | $4.1M | $2.7M | $40.5M | $13.9M | — | View 990 |
| 2014 | $5.1M | $2.7M | $40.1M | $13.8M | — | View 990 |
| 2013 | $5.3M | $2.5M | $34.4M | $12.3M | — | View 990 |
| 2012 | $6.4M | $2.9M | $30.8M | $11.5M | — | View 990 |
| 2011 | $3.5M | $1.7M | $28.1M | $11.7M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $14.3M, expenses of $9.3M, and assets of $101.8M (revenue +54.4% year-over-year).
- 2023: Revenue of $9.3M, expenses of $7.2M, and assets of $88.9M (revenue -48.4% year-over-year).
- 2022: Revenue of $18.0M, expenses of $7.6M, and assets of $81.3M (revenue +2.2% year-over-year).
- 2021: Revenue of $17.6M, expenses of $6.5M, and assets of $90.7M (revenue +74.2% year-over-year).
- 2020: Revenue of $10.1M, expenses of $5.6M, and assets of $67.1M (revenue +63.0% year-over-year).
- 2019: Revenue of $6.2M, expenses of $3.8M, and assets of $64.4M (revenue -19.7% year-over-year).
- 2018: Revenue of $7.7M, expenses of $3.3M, and assets of $62.5M (revenue +33.5% year-over-year).
- 2017: Revenue of $5.8M, expenses of $2.7M, and assets of $54.7M (revenue +33.7% year-over-year).
- 2016: Revenue of $4.3M, expenses of $2.7M, and assets of $46.2M (revenue +5.7% year-over-year).
- 2015: Revenue of $4.1M, expenses of $2.7M, and assets of $40.5M (revenue -19.7% year-over-year).
- 2014: Revenue of $5.1M, expenses of $2.7M, and assets of $40.1M (revenue -4.0% year-over-year).
- 2013: Revenue of $5.3M, expenses of $2.5M, and assets of $34.4M (revenue -16.9% year-over-year).
- 2012: Revenue of $6.4M, expenses of $2.9M, and assets of $30.8M (revenue +80.0% year-over-year).
- 2011: Revenue of $3.5M, expenses of $1.7M, and assets of $28.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Adirondack Foundation:
Data Sources and Methodology
This transparency report for Adirondack Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.